Ichimoku Analysis (1-hour chart)
Tenken-Sen- 0.96940
Kijun-Sen- 0.96940
USDCHF has taken support near 200-H MA and shown a good recovery of more than 50 pips on broad-based US dollar buying. US dollar index surged sharply and break higher 100.50 confirms further bullishness.
Technically, pair is facing strong resistance at 0.9745, and any violation beyond targets 0.9770/0.9800. Significant bullish continuation only above 0.9845.
On the flip side, near term support is at 0.9660, and an indicative break below will drag the pair till 0.9620/0.9590.
It is good to buy on dips around 0.9690-95 with SL around 0.9660 for the TP of 0.9800.
